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--All members of the syndicate, including the managing underwriter, sign the agreement among underwriters.
An underwriting agreement is a statutory necessity for Companies who have decided to increase their share capital by the issue of equity share. It is mandatory for the Company to file this agreement with the prospectus of public issue of shares/debentures with the Registrar of Companies.
The underwriting agreement contains an agreement by the underwriter(s) to purchase the offered securities from the issuer or other seller and to resell them to the public, the underwriting discount, representations and warranties of the parties, certain covenants, expense allocation and indemnification provisions.
Underwriting Party means any of the Underwriter, its parent, subsidiaries and affiliates and any shareholder, director, officer, employee, agent of "controlling person" (as such item is used in the Securities Act) of any of the foregoing.
An underwriting agreement is a contract between a group of investment bankers who form an underwriting group or syndicate and the issuing corporation of a new securities issue.
In investment banking, an underwriting contract is a contract between an underwriter and an issuer of securities. The following types of underwriting contracts are the most common: In the firm commitment contract, the underwriter guarantees the sale of the issued stock at the agreed-upon price.
In connection with a registered securities offering, the underwriters of the offering typically enter into an underwriting agreement with the issuer of the securities and any selling stockholders.
An underwriter is any party, usually a member of a financial organization, that evaluates and assumes another party's risk in mortgages, insurance, loans, or investments for a fee, usually in the form of a commission, premium, spread, or interest.